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today president obama and house speaker john boehner spoke on the phone about the looming budget cuts, but as of now, no evidence there's any future negotiations scheduled. a new poll by the associated press shows 48% of those asked support letting tax cuts expire january 1st for those earning more than $250,000 a year, but extending them for everybody else. just 32% say the cuts ought to be extended across the board. joining us now to talk fiscal cliff and ramifications for all of us around here in the d.c. area, virginia congress member gerry connolly, a democrat representing annandale, parts of prince herndon county, fairfax, welcome, sir. we know the arguments by now, very familiar. the president wants to cut off the tax cuts for everybody making over a quarter million. john boehner and the house republicans would rather see deductions and hoop holes closed. why are you? are you with the president wholeheartedly on this? >> well, i certainly agree with the president that we need to let the top tax bracket expire. he ran explicitly on that. there weren't a lot of explicits in this
today president obama and house speaker john boehner spoke on the phone about the looming budget cuts, but as of now, no evidence there's any future negotiations scheduled. a new poll by the associated press shows 48% of those asked support letting tax cuts expire january 1st for those earning more than $250,000 a year, but extending them for everybody else. just 32% say the cuts ought to be extended across the board. joining us now to talk fiscal cliff and ramifications for all of us around...
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citigroup announces major layoffs, cutting 11,000 jobs. is this a sign of things to come in corporate america? >> tom: i'm tom hudson. president obama tries to win over top business leaders, warning republicans are holding the global economy hostage over the fiscal cliff.
citigroup announces major layoffs, cutting 11,000 jobs. is this a sign of things to come in corporate america? >> tom: i'm tom hudson. president obama tries to win over top business leaders, warning republicans are holding the global economy hostage over the fiscal cliff.
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obama's plan to extend tax cuts for most americans while allowing them to go up for the richest, and start the fight all over again during debt limit talks early next year. >> that is a bad strategy for america. it is a bad strategy for your businesses. and it is not a game that i will play. >> reporter: and brian, tonight, the white house is preparing in case the country does go over that fiscal cliff, budget officials have asked all federal agencies for information that they need in case of possible plans in case of those automatic spending cuts that could go in place in just 27 days. >> peter alexander at the white house for us tonight. thank you. >>> and up next, the loss today of a legend in american music. i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again in a heartbeat. [ laughs ] ♪ ♪ i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days migh
obama's plan to extend tax cuts for most americans while allowing them to go up for the richest, and start the fight all over again during debt limit talks early next year. >> that is a bad strategy for america. it is a bad strategy for your businesses. and it is not a game that i will play. >> reporter: and brian, tonight, the white house is preparing in case the country does go over that fiscal cliff, budget officials have asked all federal agencies for information that they need...
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republicans offered president obama a proposal that retained the bush tax cuts for the wealthy, and now they say the ball is in the president's court. >> this week we made a good faith offer to avert the fiscal crisis. now we need a response from the white house. we can't sit here and negotiate with ourselves. >> both sides promise to cut trillions from government spending over the next decade, but the republicans insist they can do it without raising taxes on the rich. president obama insists that's a nonstarter. he shared his message with rich folks at the business round table. he told them they could handle paying more in taxes. >> let's allow higher rates to go up for the top 2%, that includes all of you, yes. but not in any way that will affect your spending, your lifestyles, or the economy in any significant way. >> business round table is a lobby group made up of some of the country's biggest ceos, ceos of some of the country's bigg gt companies. if you don't know what the fiscal cliff is, you've probably been living under a rock. i found this explanation. this is mr. burns from
republicans offered president obama a proposal that retained the bush tax cuts for the wealthy, and now they say the ball is in the president's court. >> this week we made a good faith offer to avert the fiscal crisis. now we need a response from the white house. we can't sit here and negotiate with ourselves. >> both sides promise to cut trillions from government spending over the next decade, but the republicans insist they can do it without raising taxes on the rich. president...
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darden announced that none of its full time employees will have their hours cut as a result of the new regulations. >>> well, believe it or not you'll be seeing more starbucks cafes popping up. the coffee chain is planning to add 1,500 locations in the next five years. more are planned for canada and south america as well. >>> and having the most watched youtube video in u.s. history sure can pay the bills. south korean pop star psi is set to make at least, get this, $8.1 million this year off of his hit song "gangnam style." that just is from the ads on his youtube video and sales of the song on itunes. terrell, we've got to get some itune singing/dancing thing going on. >> you sing, i'll dance. >> i'll dance, you sing. >> you daenlt want me to dance. >> i think we want that. >> ashley morrison in new york. thank you so much. >>> in sports, rack up another milestone for lakers superstar bryant. he seeks a jumper for his 30,000th career point. he's only the fifth player in nba history to do that. for the game bryant pumped in 29 points to help them take down the hornets. and a thriller
darden announced that none of its full time employees will have their hours cut as a result of the new regulations. >>> well, believe it or not you'll be seeing more starbucks cafes popping up. the coffee chain is planning to add 1,500 locations in the next five years. more are planned for canada and south america as well. >>> and having the most watched youtube video in u.s. history sure can pay the bills. south korean pop star psi is set to make at least, get this, $8.1...
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we just heard a list of all the spending cuts. you know what, the budget. we've been running a trillion dollar deficit every year under this administration. president obama has nearly doubled the debt. the spending is out of control. and it's -- we have this economy that continues to struggle -- >> the debt ceiling -- >> the debt ceiling is our opportunity to really look at these questions, but the republicans want to negotiate -- speaker boehner the day after the election, went to the podium and put tax revenue on the table. this is our moment, this is our -- tip o'neill and president reagan back in the early '80s, they came together. they negotiated to save social security as well as address the spending. and it was a $3 in spending cuts to every dollar in new revenue. and that's the type of approach we need today. >> they never used the issue of debt ceiling in those negotiations. that's relatively new. the president says, i will not play that game. he may have no choice, because the republicans have a decisive majority in the house of representatives. i
we just heard a list of all the spending cuts. you know what, the budget. we've been running a trillion dollar deficit every year under this administration. president obama has nearly doubled the debt. the spending is out of control. and it's -- we have this economy that continues to struggle -- >> the debt ceiling -- >> the debt ceiling is our opportunity to really look at these questions, but the republicans want to negotiate -- speaker boehner the day after the election, went to...
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president obama has rejected the latest profile bit republicans because it does not include a -- proposal by the republicans because it does not include a tax hike on the wealthy americans offering instead to close some tax loopholes, danielle nottingham with the latest from capitol hill. >> reporter: house members left the capitol in the middle of the fiscal fight not due back until next week, but house speaker john boehner is staying behind ready to sit down with the president. >> we can't sit here and negotiate with ourselves. >> reporter: president obama is rejecting the republican proposal because it does not raise taxes on households making over $250,000 a year. the gop is offering to close tax loopholes and limit deductions instead. >> revenues we're putting on the table will come from, guess who, the rich. >> reporter: house republicans say if bush era tax cuts aren't extended for everyone, it will hurt the economy and they invited small business owners here to capitol hill to make their point. max olson opened an insurance company this year and is concerned he won't be able to ad
president obama has rejected the latest profile bit republicans because it does not include a -- proposal by the republicans because it does not include a tax hike on the wealthy americans offering instead to close some tax loopholes, danielle nottingham with the latest from capitol hill. >> reporter: house members left the capitol in the middle of the fiscal fight not due back until next week, but house speaker john boehner is staying behind ready to sit down with the president. >>...
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citigroup announces major layoffs, cutting 11,000 jobs. is this a sign of things to come in corporate america? >> tom: i'm tom hudson. president obama tries to win over top business leaders, warning republicans are holding the global economy hostage over the fiscal cliff. >> susie: and apple shares get
citigroup announces major layoffs, cutting 11,000 jobs. is this a sign of things to come in corporate america? >> tom: i'm tom hudson. president obama tries to win over top business leaders, warning republicans are holding the global economy hostage over the fiscal cliff. >> susie: and apple shares get
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don't give in on the tax cuts for the 2%. make sure they disappear the way they should and if necessary go over the fiscal cliff. no deal's better than a bad deal. great to see you today. join the conversation any time at 1-866-55-press. follow us on twitter at bpshow. peter ogborn and dan henning team press in place here this morning. good morning guys. peter's always keeping track of the social media and your comment on twitter. phil backert has the phones and cyprian bowlding has the camera. our videographer keeping us looking good here on current tv. well, we know that breaking news this morning actually came across the wires that kate middleton is filing better. she's over that acute morning sickness. she's left the hospital. and at the same time, a little breaking news, we learned that yesterday a couple of talk show hosts, radio talk show hosts from australia with the worst british accents i have ever heard did a prank call to the hospital where kate was kept for a couple of days. pretending to be the queen and prince
don't give in on the tax cuts for the 2%. make sure they disappear the way they should and if necessary go over the fiscal cliff. no deal's better than a bad deal. great to see you today. join the conversation any time at 1-866-55-press. follow us on twitter at bpshow. peter ogborn and dan henning team press in place here this morning. good morning guys. peter's always keeping track of the social media and your comment on twitter. phil backert has the phones and cyprian bowlding has the camera....
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the military had been told for months not to get ready for these budget cuts. in the meantime, "the washington post" released a survey earlier this week. it found 53% of people polled would blame republicans for going over the cliff. 27% would blame president obama. not a lot of sunshine that we're seeing this these talks. >> i was telling mike, i was listening to an interview with trent lott, former leader back in the days in the clinton administration. he said he and daschle would good friends and that they worked on it but he was also criticized by his fellow republicans for being a compromiser. when did compromise get to be a dirty word. >> we've seen signs of compromise on the side of john boehner and seen republicans go after him for doing that. >> exactly. it's a price of being a leader. what do you have for us in the next half-hour? >> it's the season we're dressing up our homes with a lot of holiday decor. it looks fantastic but can also be a little dangerous. we'll run through some of the possible dangers you might be having in your home right now. >>
the military had been told for months not to get ready for these budget cuts. in the meantime, "the washington post" released a survey earlier this week. it found 53% of people polled would blame republicans for going over the cliff. 27% would blame president obama. not a lot of sunshine that we're seeing this these talks. >> i was telling mike, i was listening to an interview with trent lott, former leader back in the days in the clinton administration. he said he and daschle...
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rich. >> president obama also tried to pin a negotiating tactic on republicans, saying congress can't tie >> i will not play that >> it's a sign the two sides have a lot to discuss---once they decide to do so. emily schmidt, kron4 news >> it appears americans don't mind sharing opinions.. even on things that don't exist. a recent poll by public policy polling found 25- percent of americans took a stance on a phony debt reduction policy called the "panetta-burns plan." the proposal was dreamed up by pollers to test how many people would speak on something they clearly don't know anything about. eight-percent of those polled supported the mythical plan and 17-percent opposed it. in contrast, 39-percent of voters were willing to share their thoughts about the "simpson-bowles" deficit reduction plan... a real policy up for debate in congress. 4:4:02 a.m. we will be right back. this live look from walnut creek. 4:42 all fresh & e z could be closing the stores -- fresh and the ec could be closing easy.... >> welcome back. 4: 44 most suspected bank robbers try to hide the evidence. but polic
rich. >> president obama also tried to pin a negotiating tactic on republicans, saying congress can't tie >> i will not play that >> it's a sign the two sides have a lot to discuss---once they decide to do so. emily schmidt, kron4 news >> it appears americans don't mind sharing opinions.. even on things that don't exist. a recent poll by public policy polling found 25- percent of americans took a stance on a phony debt reduction policy called the "panetta-burns...
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. >> passing middle income tax cuts means the end of holding them hostage from tax cuts for the rich. >> president obama also tried to pin a negotiating tactic on republicans, saying congress can't tie fiscal cliff negotiations to upcoming debt ceiling votes. >> i will not play that game. we've got to break that habit before it starts. >> it's a sign the two sides have a lot to discuss---once they decide to do so. emily schmidt, kron4 news >> depending on you who you speak with. this wild prank. the hospital got a call from deejays she was pretending to be the queen and he was pretending that he was prince charles. incredibly, the hospital thought that it was correct and they released information. >> the call was put through to the ward and i am not impressed i think it was a pretty poor trick to play. there is no chance that this could have been put to the patient. >>catherine: that's the hospital boss - trying to save face. but a lot of people think it was pretty funny - especially when a nurse began instructing the 'queen' on when she should show up during visiting hours. the radio
. >> passing middle income tax cuts means the end of holding them hostage from tax cuts for the rich. >> president obama also tried to pin a negotiating tactic on republicans, saying congress can't tie fiscal cliff negotiations to upcoming debt ceiling votes. >> i will not play that game. we've got to break that habit before it starts. >> it's a sign the two sides have a lot to discuss---once they decide to do so. emily schmidt, kron4 news >> depending on you who...
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the current tax cuts were put in place by the previous administration and will expire by the end of the year. then, marco rubio on jobs and education policy. >> hello, everybody. over the last few weeks, there's been a lot of talk about deadlines we're facing on jobs and taxes and investments. but with so much noise and so many opinions flying around, it can be easy to lose sight of what this debate is really about. it's not about which political party comes out on top, or who wins or loses in washington. it's about making smart decisions that will have a real impact on your lives and the lives of americans all across the country. right now, middle-class tax cuts are set to expire at the end of the year. time is running out. and there are two things that can happen. first, if congress does nothing, every family in america will see their income taxes automatically go up on january 1st. a typical middle-class family of four would get a $2,200 tax hike. that would be bad for families, it would be bad for businesses, and it would drag down our entire economy. now, congress can avoid all thi
the current tax cuts were put in place by the previous administration and will expire by the end of the year. then, marco rubio on jobs and education policy. >> hello, everybody. over the last few weeks, there's been a lot of talk about deadlines we're facing on jobs and taxes and investments. but with so much noise and so many opinions flying around, it can be easy to lose sight of what this debate is really about. it's not about which political party comes out on top, or who wins or...
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. >> the new associated press poll find 48% of americans want tax cuts for wealthy to expire. and it says more people want to cut government services than raise taxes to reduce the federal deficit. >> if the nation goes over the cliff at the end of the year it is going to affect everyone including the unemployed as abc's jonathan karl reports. >> reporter: melinda vega has been put on notice. if congress and the president don't get their act together, her unemployment checks will stop immediately at the end of the year. >> we're dependent on that money to pay the bills. she has been what a job for a year. her $450 a week unemployment check her life line. >> we won't be able to pay some of our bills and, i mean, you know, that's for christmas and things of that nature, probably off the table. >> reporter: she is not alone. without a deal, unemployment compensation will end for more than 2 million people out of work more than 26 weeks. many of the unemployed started receiving the news this week from prerecorded phone calls like this one in washington state. >> emergency unemploy
. >> the new associated press poll find 48% of americans want tax cuts for wealthy to expire. and it says more people want to cut government services than raise taxes to reduce the federal deficit. >> if the nation goes over the cliff at the end of the year it is going to affect everyone including the unemployed as abc's jonathan karl reports. >> reporter: melinda vega has been put on notice. if congress and the president don't get their act together, her unemployment checks...
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you said that. >> which is why i'm glad that president obama had the courage to end the bush tax cuts two years ago -- oh, wait a second. i'll tell you what. you know what? >> i agree with you. >> extended them for two more years, but at least now he's got the nerve, the courage to do what democrats have been saying all along, and end the bush -- oh, wait a second. no. he's actually keeping 98% of them. huh. >> look, he's keeping it for 98% of the country. i happen to agree. you know, i'm a supporter of the simpson-bowles approach, but we are where we are right now. and i think to chuck's point, this may make it -- and to your point -- and they may get to a point where this is very uncomfortable for democrats. again, $2 trillion, both are asking for that, it with certainly get us through the year, avoid sequestration, avoid the pain that many in the business community are concerned about. if we start growing again, imagine how easy this conversation will be next year if the economy is growing at 3% to 4%. >> yes, and the spirit of jack kemp rises from the table of "morning joe." >> gr
you said that. >> which is why i'm glad that president obama had the courage to end the bush tax cuts two years ago -- oh, wait a second. i'll tell you what. you know what? >> i agree with you. >> extended them for two more years, but at least now he's got the nerve, the courage to do what democrats have been saying all along, and end the bush -- oh, wait a second. no. he's actually keeping 98% of them. huh. >> look, he's keeping it for 98% of the country. i happen to...
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this look, obama recommended or proposed cutting the defense department and he was attacked viciously by republics. so, the idea that like he never suggest cuts is kind of absurd. >> bill: do you really think barack obama wants meaningful cuts in government? really? really? >> as much as republicans do. look, he got attacked all through the campaign for cutting medicare, right? so the people who claim that they want all these cuts, what do they do? they attack the president when he proposes cuts and they refuse to put anything specific on their proposal. what they sent back was just a number. >> bill: all right. okay. i got it. i got it. i got it. i'm just tired of this whole business. i think we should cut 10% across the board and then, you know, keep taxes the way they are and try to stimulate the economy by the private sector. plenty more ahead as the factor moves along this evening. >> i will tell diane. >> bill: charlie brown thrown under the bus by a church pastor in arkansas. how could this possibly happen in america? tell you what's going on. also, dennis miller having to deal
this look, obama recommended or proposed cutting the defense department and he was attacked viciously by republics. so, the idea that like he never suggest cuts is kind of absurd. >> bill: do you really think barack obama wants meaningful cuts in government? really? really? >> as much as republicans do. look, he got attacked all through the campaign for cutting medicare, right? so the people who claim that they want all these cuts, what do they do? they attack the president when he...
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republicans have to rethink the idea this is obama's idea if we get the huge cut in defense that are unsupportable. >> they are bluffing that they don't care about going over the fiscal cliff. a bluff. it will send economy in a tail spin. >> i don't think so. the president is fine going over the cliff. if you look what he gets and the ability to play hero if the country went over the cliff, the president can remedy two problems that democrats faced for years. he becomes a huge tax cutter. he can restore the defense cut. i think the point that you are making are logical and correct, that is not how it plays out. perception is as much as anything else. you looking at a media eager to blame republicans on this. >> that's why i'm correcting them. >> you are correcting them. >> bret: we have an online show to talk more about this. >> i'm correct them even more. >> bret: you can correct them more in a much more relaxed atmosphere. tune in. next up, look at the front runners for yes, 2016. [ fishing rod casting line, marching band playing ] [ male announcer ] where do you hear that beat?] c
republicans have to rethink the idea this is obama's idea if we get the huge cut in defense that are unsupportable. >> they are bluffing that they don't care about going over the fiscal cliff. a bluff. it will send economy in a tail spin. >> i don't think so. the president is fine going over the cliff. if you look what he gets and the ability to play hero if the country went over the cliff, the president can remedy two problems that democrats faced for years. he becomes a huge tax...
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spending by demanding that president obama come up with john boehner's plan to cut spending. what those cuts are, no one is sure. >> now critics say the speaker is just asking democrats to put specifics into the republican proposal, but i say that's kind of fun. it makes the budget into a giant mad lib. for instance, we agree to cut $10 bazillion from the program that brings ukuleles to the sticky poor. toilet boobs. >> we will play our very own game of mad libs when house democratic whip steny hoyer joins us live just ahead on "now." to the best vacation spot on earth. (all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put aside our rivalry. now is the perfect time to visit anyone of our states. the beaches and waters couldn't be more beautiful. take a bo
spending by demanding that president obama come up with john boehner's plan to cut spending. what those cuts are, no one is sure. >> now critics say the speaker is just asking democrats to put specifics into the republican proposal, but i say that's kind of fun. it makes the budget into a giant mad lib. for instance, we agree to cut $10 bazillion from the program that brings ukuleles to the sticky poor. toilet boobs. >> we will play our very own game of mad libs when house...
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of the bush tax cuts. that makes him complicity in the eyes of the base, and they're going to fire him from his job if he does that, in all likelihood. >> do you really think that he will get fired if he lets those tax cuts expire? >> it's at best 50-50 he keeps his job, if he cooperates in making that bargain. the best thing for boehner is for that to happen without his cooperation, without his active cooperation. it's got to happen without him. then they can go ahead and get the rest of the revenue without raising tax rates. then the tax rates will go back to the clinton levels. the rest of it will happen automatically, and, you know, the republicans are trying to do this complicated scenario where they vote present. if they don't vote and the democrats vote, it's this ritual where the dmgz do all the voting, and the republicans kind of stand by, and i think they're right to do that, because then you've got a trillion of revenue automatically locked in. then, you know, obama is asking for another $600 bi
of the bush tax cuts. that makes him complicity in the eyes of the base, and they're going to fire him from his job if he does that, in all likelihood. >> do you really think that he will get fired if he lets those tax cuts expire? >> it's at best 50-50 he keeps his job, if he cooperates in making that bargain. the best thing for boehner is for that to happen without his cooperation, without his active cooperation. it's got to happen without him. then they can go ahead and get the...
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that would let president obama pocket $1 trillion in tax revenue and secure a win on his key priority in the talks. but they would do nothing else. at the end of the year, we would still go over the fiscal cliff. remember, the bush tax cuts are one of the at least stimulative policies in the negotiations. according to the economic policy institute, extending the middle class tax cuts would wipe out only about 11% of the austerity's economic impact. 11%. but all that other stuff, the payroll tax cut, the unemployment insurance, the sequester, all that, that would still be expiring. so come early next year, the economy would likely be entering an austerity-induced recession. markets would be convulsing as they realize our austerity crisis is about to become also a default crisis. and so the economy, as a whole, is going to be going nuts. poll after poll already shows republicans are receiving more blame for the potential failure of the debt talks. and after telling the press they're going to make a strategic decision to use a debt ceiling as more and more dangerous leverage, they're lik
that would let president obama pocket $1 trillion in tax revenue and secure a win on his key priority in the talks. but they would do nothing else. at the end of the year, we would still go over the fiscal cliff. remember, the bush tax cuts are one of the at least stimulative policies in the negotiations. according to the economic policy institute, extending the middle class tax cuts would wipe out only about 11% of the austerity's economic impact. 11%. but all that other stuff, the payroll tax...
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president obama want congress to cut a check for $60 billion in aid to hurricane sandy victims. house leadership hopes to get the money flowing fast. >>> video captures a 7.3 quake off the coast of japan. several people were reportedly hurt. >>> and sad news from the london hospital where kate middleton was treated. a nurse who fielded it the call that was a hoax call has taken her own life. she was a first-class nurse, says the hospital. back to "hardball." >>> well, this isn't a progress report because there's no progress to report. when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> welcome back to "hardball." that was speaker boehner's downbeat assessment of fiscal negotiations. he went on putting blame squarely on the president. let's listen. >> this president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. it's time for the president, if he's serious, to come back to us with a counteroffer. >> shortly after, house minority leader nancy pelosi put
president obama want congress to cut a check for $60 billion in aid to hurricane sandy victims. house leadership hopes to get the money flowing fast. >>> video captures a 7.3 quake off the coast of japan. several people were reportedly hurt. >>> and sad news from the london hospital where kate middleton was treated. a nurse who fielded it the call that was a hoax call has taken her own life. she was a first-class nurse, says the hospital. back to "hardball."...
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conway distracts with negative ads to hide his support for obama care, which cuts medicare by $500 billion. >> that was 2010. fast forward to this year's election and the same principle carries through. each side tried to convince voters that the other guy wanted to take the hatchet to medicare. >> the biggest, coldest power play of all in obama care came at the expense of the elderly. $716 billion, funneled out of medicare by president obama >> my plan's already extended medicare by nearly a decade. their plan ends medicare as we know it. >> on medicare, for current retirees, he's cutting is $716 billion from the program. i can't understand how you can cut medicare $716 billion for current recipients of medicare. >> look, these guys haven't been big on medicare from the beginning. their party's not big on medicare from the beginning. folks, use your common sense. who do you trust on this? >> so, now, of course, given all the campaign rhetoric coming from both sides, we are on the other side of an election that proved that there is a bipartisan consensus, that it is bad to be the kind of p
conway distracts with negative ads to hide his support for obama care, which cuts medicare by $500 billion. >> that was 2010. fast forward to this year's election and the same principle carries through. each side tried to convince voters that the other guy wanted to take the hatchet to medicare. >> the biggest, coldest power play of all in obama care came at the expense of the elderly. $716 billion, funneled out of medicare by president obama >> my plan's already extended...
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we could pay down all of the overspending of obama's first term by having 4% growth instead of 2% growth. and we know how to do it, because we did it under reagan. >> but why would you cut spending then, spending that's supposed to encourage the economy to get better so you get more growth and get rid of your deficits? >> i think -- well, i think we should, one -- first of all, we have to pay down the debt he ran up. we're spending $1 trillion more each year, the federal government -- we, the federal government is spending $1 trillion more each year than when obama walked into office. it's that overspending we need to bring down. raising taxes doesn't solve the overspending problem. it feeds it. and, again, we have been through this lucy and the football thing in '82, in '90. we didn't take the advice of the tax increase last year, and we got spending restraint for the debt ceiling. remember, the republican house has a tremendous power over the debt ceiling. so all this stuff about how we have to bend to the emperor's will isn't true. >> all right. grover norquist, thanks very much. we a
we could pay down all of the overspending of obama's first term by having 4% growth instead of 2% growth. and we know how to do it, because we did it under reagan. >> but why would you cut spending then, spending that's supposed to encourage the economy to get better so you get more growth and get rid of your deficits? >> i think -- well, i think we should, one -- first of all, we have to pay down the debt he ran up. we're spending $1 trillion more each year, the federal government...
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think about that. >> jim demint is cutting and running. john boehner is in a box. grover norquist near oblivion. karl rove benched on fox news. and the real action of barack obama has sent the republican party into total disarray. >> that's what i'm talking about. >> congressman jim clyburn of south carolina and eugene robinson on the latest republican fiasco. >>> plus, congressman chris van hollen on john boehner's latest concession on the fiscal cliff. michael eric dyson and donna gentile-o'donnell on the political fallout. howard dean on chris christie's big decision on the obama care exchange. and apple's ceo breaks big news to nbc's brian williams. >> next year, we will do one of our existing mac lines in the united states. >> tonight, a story of economic patriotism in an era of bain capital with e.j. dionne. good to have you with us tonight, folks. thanks for watching. the reality of the election is start to set in on members of the republican party. republican senator jim demint of south carolina is leaving capitol hill to become president of the heritage fo
think about that. >> jim demint is cutting and running. john boehner is in a box. grover norquist near oblivion. karl rove benched on fox news. and the real action of barack obama has sent the republican party into total disarray. >> that's what i'm talking about. >> congressman jim clyburn of south carolina and eugene robinson on the latest republican fiasco. >>> plus, congressman chris van hollen on john boehner's latest concession on the fiscal cliff. michael eric...
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tax cut. having done that, held of those initiatives, speaker john boehner says democrats are walking the economy to the fiscal cliff. yet, this is the same republican leadership that had the house and senate barely a full day this week. we have had the election. the president was clear in the campaign in fighting for a middle-income tax cut, a tax cut which, by the way, gives everyone a tax break, but it also asks the upper 2% to pay their fair share. and since that election four weeks ago, we have had time, the president has given republicans flexibility to come up with a credible, specific plans. what they offered in return was an empty letter, lacking in specifics. it was a manifestation of a lack in the republican caucus about the tax cut and no specifics in their planned, and not even senator mcconnell endorsed the plan. we can make a difference right now, by putting the middle- income tax issue up for a vote. democrats are unified on it. we have been discharged position to bring it to t
tax cut. having done that, held of those initiatives, speaker john boehner says democrats are walking the economy to the fiscal cliff. yet, this is the same republican leadership that had the house and senate barely a full day this week. we have had the election. the president was clear in the campaign in fighting for a middle-income tax cut, a tax cut which, by the way, gives everyone a tax break, but it also asks the upper 2% to pay their fair share. and since that election four weeks ago, we...
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he knows fail to cut this on schedule is a risk of unclear dimension. nobody knows, i don't, how bad the whirlwinds will be if he we fail to do this on time. one thing for certain, no guarantee that a huge drop in faith of the world economic markets will be followed by a quick rebound. as i said, this is a real cliff, not a bungee jump. that's "hardball" for now. thanks for being with us. "the ed show" with ed schultz starts right now. >>> good evening, americans, welcome to "the ed show" from new york. senator jim demint has met his waterloo. this is "the ed show." let's get to work. >> one republican senator said, i'm quoting him now, if we're able to stop obama on this, it will be his waterloo. it will break him. think about that. >> jim demint is cutting and running. john boehner is in a box. grover norquist near oblivion. karl rove benched on fox news. and the real action of barack obama has sent the republican party into total disarray. >> that's what i'm talking about. >> congressman jim clyburn of south carolina and eugene robinson on the latest
he knows fail to cut this on schedule is a risk of unclear dimension. nobody knows, i don't, how bad the whirlwinds will be if he we fail to do this on time. one thing for certain, no guarantee that a huge drop in faith of the world economic markets will be followed by a quick rebound. as i said, this is a real cliff, not a bungee jump. that's "hardball" for now. thanks for being with us. "the ed show" with ed schultz starts right now. >>> good evening, americans,...
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because obama and the affordable care act cut medicare by $700 billion. they did it in a very careful way. they did it in a way to protect beneficiaries and responsible. they faced up. they said medicare does need to be trimmed. we need to do it in a smart way and did this. >> why is it off the table now? >> well, precisely because they did -- took that step. they took that very big step and now everyone -- now the idea's, all right, we took the found cut and starting the experiments now. let's see how they work. there's a very good chance, in fact, we are seeing signs that some of them are starting to save some money. we cut $700 billion. we have these pilot programs going forward. let's watch. we have taken enough out of medicare for now and see how the experiments go. if they work out and if a few of them work out, we'll get bigger shape and in better shape fiscally. >> the line in the sand of the president is not don't touch medicare but the benefits provided but back to what you were saying about the way that republicans handled medicare in the last
because obama and the affordable care act cut medicare by $700 billion. they did it in a very careful way. they did it in a way to protect beneficiaries and responsible. they faced up. they said medicare does need to be trimmed. we need to do it in a smart way and did this. >> why is it off the table now? >> well, precisely because they did -- took that step. they took that very big step and now everyone -- now the idea's, all right, we took the found cut and starting the...